The average daily rate for a Chicago hotel room, which has soared 24% over the past two years, is expected to continue rising briskly through 2010, according to a forecast by HVS Global Hospitality Services, a hotel consulting firm. Yet the city’s hotel occupancy rate, currently at a record high, will fall as developers build more than 6,000 rooms and hotel owners try to push room rates higher.
Inflation Alert...the best burrito place in Boston just raised prices by 15% and put out a sign that says it regrets to raise prices but due to rising prices it had no choice.
Burrito inflation, apparel inflation, hotel room inflation...these are not things that have been around for some time my friends.
5 Comments:
Thanks for the reminder. I conveniently forgot about that. Im not following either company very closely.
Ask me in again in a few weeks. I am going out to lunch with a guy who is intimately involved in the the search industry.
Inflation alert:
The average daily rate for a Chicago hotel room, which has soared 24% over the past two years, is expected to continue rising briskly through 2010, according to a forecast by HVS Global Hospitality Services, a hotel consulting firm. Yet the city’s hotel occupancy rate, currently at a record high, will fall as developers build more than 6,000 rooms and hotel owners try to push room rates higher.
Inflation Alert...the best burrito place in Boston just raised prices by 15% and put out a sign that says it regrets to raise prices but due to rising prices it had no choice.
Burrito inflation, apparel inflation, hotel room inflation...these are not things that have been around for some time my friends.
Check out the price on a Ermenegildo Zegna suit over the last two or three years. They used to be no more than $1200-$1300. Now they run $2000-$2200.
Get ready for further increases in airfare also. See my post on Toppe's thread.
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